Obviously, a diagnosis of diabetes has financial implications due to expenses incurred for specific health care, but the Everyday Health website reports in “Diabetes Takes a Toll on Lifetime Earnings” that one study’s authors report that a young person with diabetes has another unfortunate outcome: less lifetime earnings than those who do not have the disease. The subjects of the study were about 15,000 teens in grades 7 through 12 who were surveyed beginning in 1994 and 1995. Those students were surveyed again three more times in 1996, 2001-2002, and 2008. Of those in the study about one fourth of them has been diagnosed with diabetes.
The researchers found that “having diabetes significantly increased the risk of dropping out of high school, by an average of six percent.” Also, they were between eight and 13 percent less likely to attend college. The report also noted that having a parent with diabetes seems to reduce the chances of their children attending college by another four to six percent. In line with these findings, having diabetes means a lifetime earnings that is $160,000 less per person than those without the disease.
With the increase in childhood diabetes since the 25+ years from this study’s beginnings, it is even more alarming to contemplate.